The Minister of Oil, State Minister for National Assembly Affairs Dr. Ali Al-Omair said that “the global oil prices will stabilize at a certain level and then will rise again”, adding that «these levels will be determined by the longanimity of oil companies on selling oil in prices less than the cost of production, especially oil shale and oil sand.

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Sheikh Ahmed Al Jaber Al Sabah granted Kuwait Oil Limited Company with the participation of Protol British Company "BP" and American Oil Gulf Company "Gulf Oil" the right of franchise of concessionaire to explore oil in all Kuwait lands and territorial water for 75 year period and this was on 23rd December 1934.

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The CEO of Kuwait Oil Company Hashem Hashem declared having discovered 4 oil fields and two new reservoirs in the North and West of the country confirming that this will promote the position of Kuwait as a producing country in the international markets.

The Minister of Oil, State Minister for National Assembly Affairs Dr. Ali Al-Omair said that the importance of oil issue is not confined in Kuwait but in the whole world, and it is important to educate students either through the curriculum or school activities.

The State of Kuwait, represented by the Ministry of Oil, participated in the second petroleum media forum in the City of Riyadh within the period extending from the 22nd until 24th of March 2015 and this event shall be established under the sponsorship of His Majesty, the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz under the slogan of the petroleum media in the cooperation council countries cases and challenges.

A press release issued by the Ministry of Oil said that the meeting will discuss the agenda containing the Member States comments and amendments of the GCC petroleum media translation strategy and the GCC Petroleum Cooperation Committee resolutions